Impulse Qingdao Health Tech Co Ltd (002899) - Net Assets
Based on the latest financial reports, Impulse Qingdao Health Tech Co Ltd (002899) has net assets worth CN¥1.74 Billion CNY (≈ $254.84 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.83 Billion ≈ $414.47 Million USD) and total liabilities (CN¥1.09 Billion ≈ $159.62 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Impulse Qingdao Health Tech Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.74 Billion |
| % of Total Assets | 61.49% |
| Annual Growth Rate | 22.58% |
| 5-Year Change | 56.94% |
| 10-Year Change | 370.9% |
| Growth Volatility | 33.21 |
Impulse Qingdao Health Tech Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Impulse Qingdao Health Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Impulse Qingdao Health Tech Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Impulse Qingdao Health Tech Co Ltd (2013–2024)
The table below shows the annual net assets of Impulse Qingdao Health Tech Co Ltd from 2013 to 2024. For live valuation and market cap data, see Impulse Qingdao Health Tech Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.70 Billion ≈ $249.02 Million |
+37.16% |
| 2023-12-31 | CN¥1.24 Billion ≈ $181.56 Million |
+6.95% |
| 2022-12-31 | CN¥1.16 Billion ≈ $169.76 Million |
+5.74% |
| 2021-12-31 | CN¥1.10 Billion ≈ $160.54 Million |
+1.18% |
| 2020-12-31 | CN¥1.08 Billion ≈ $158.68 Million |
+3.79% |
| 2019-12-31 | CN¥1.04 Billion ≈ $152.89 Million |
+3.91% |
| 2018-12-31 | CN¥1.01 Billion ≈ $147.14 Million |
+5.68% |
| 2017-12-31 | CN¥951.47 Million ≈ $139.23 Million |
+119.25% |
| 2016-12-31 | CN¥433.98 Million ≈ $63.50 Million |
+20.09% |
| 2015-12-31 | CN¥361.39 Million ≈ $52.88 Million |
+44.76% |
| 2014-12-31 | CN¥249.64 Million ≈ $36.53 Million |
+37.81% |
| 2013-12-31 | CN¥181.15 Million ≈ $26.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Impulse Qingdao Health Tech Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 468.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥522.34 Million | 30.69% |
| Common Stock | CN¥147.80 Million | 8.68% |
| Other Comprehensive Income | CN¥69.87 Million | 4.11% |
| Other Components | CN¥961.76 Million | 56.52% |
| Total Equity | CN¥1.70 Billion | 100.00% |
Impulse Qingdao Health Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Impulse Qingdao Health Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kim Loong Resources Bhd
KLSE:5027
|
$624.74 Million |
|
Anhui Zhongyuan New Materials Co Ltd
SHG:603527
|
$624.78 Million |
|
NorthIsle Copper and Gold Inc
V:NCX
|
$624.82 Million |
|
Warteck Invest Ltd
SW:WARN
|
$624.94 Million |
|
Markor International Home Furnishings Co Ltd
SHG:600337
|
$624.53 Million |
|
Rogers Sugar Inc.
TO:RSI
|
$624.45 Million |
|
Zhejiang Gongdong Medical Technology Co Ltd
SHG:605369
|
$624.33 Million |
|
AMN Healthcare Services Inc
NYSE:AMN
|
$624.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Impulse Qingdao Health Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,240,736,960 to 1,701,770,879, a change of 461,033,919 (37.2%).
- Net income of 109,118,795 contributed positively to equity growth.
- Dividend payments of 39,927,413 reduced retained earnings.
- Share repurchases of 15,339,195 reduced equity.
- Other comprehensive income increased equity by 9,874,484.
- Other factors increased equity by 397,307,248.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥109.12 Million | +6.41% |
| Dividends Paid | CN¥39.93 Million | -2.35% |
| Share Repurchases | CN¥15.34 Million | -0.9% |
| Other Comprehensive Income | CN¥9.87 Million | +0.58% |
| Other Changes | CN¥397.31 Million | +23.35% |
| Total Change | CN¥- | 37.16% |
Book Value vs Market Value Analysis
This analysis compares Impulse Qingdao Health Tech Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.34x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.29x to 2.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.02 | CN¥28.88 | x |
| 2014-12-31 | CN¥2.79 | CN¥28.88 | x |
| 2015-12-31 | CN¥4.03 | CN¥28.88 | x |
| 2016-12-31 | CN¥4.84 | CN¥28.88 | x |
| 2017-12-31 | CN¥9.72 | CN¥28.88 | x |
| 2018-12-31 | CN¥8.34 | CN¥28.88 | x |
| 2019-12-31 | CN¥8.71 | CN¥28.88 | x |
| 2020-12-31 | CN¥9.04 | CN¥28.88 | x |
| 2021-12-31 | CN¥9.14 | CN¥28.88 | x |
| 2022-12-31 | CN¥9.67 | CN¥28.88 | x |
| 2023-12-31 | CN¥10.27 | CN¥28.88 | x |
| 2024-12-31 | CN¥12.32 | CN¥28.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Impulse Qingdao Health Tech Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.74x
- Recent ROE (6.41%) is below the historical average (12.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 33.61% | 10.19% | 1.05x | 3.14x | CN¥42.76 Million |
| 2014 | 29.77% | 10.76% | 1.03x | 2.70x | CN¥49.36 Million |
| 2015 | 21.08% | 10.42% | 1.18x | 1.71x | CN¥40.04 Million |
| 2016 | 19.63% | 10.94% | 1.12x | 1.60x | CN¥41.79 Million |
| 2017 | 8.74% | 9.70% | 0.70x | 1.28x | CN¥-11.98 Million |
| 2018 | 6.23% | 6.91% | 0.71x | 1.27x | CN¥-37.87 Million |
| 2019 | 4.84% | 5.39% | 0.74x | 1.21x | CN¥-53.92 Million |
| 2020 | 3.65% | 4.56% | 0.64x | 1.26x | CN¥-68.87 Million |
| 2021 | 1.59% | 2.02% | 0.49x | 1.62x | CN¥-92.28 Million |
| 2022 | 5.66% | 7.96% | 0.41x | 1.75x | CN¥-50.35 Million |
| 2023 | 7.11% | 9.85% | 0.39x | 1.85x | CN¥-35.91 Million |
| 2024 | 6.41% | 8.99% | 0.41x | 1.74x | CN¥-61.06 Million |
Industry Comparison
This section compares Impulse Qingdao Health Tech Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $944,526,384
- Average return on equity (ROE) among peers: 2276.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Impulse Qingdao Health Tech Co Ltd (002899) | CN¥1.74 Billion | 33.61% | 0.63x | $624.60 Million |
| China Bicycle Co Holdings Ltd (000017) | $7.70 Million | 20460.71% | 18.68x | $364.46 Million |
| HL Corp Shenzhen (002105) | $509.05 Million | 5.28% | 1.00x | $337.10 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $413.22 Million | -10.46% | 0.70x | $1.79 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $901.71 Million | 2.71% | 0.04x | $555.71 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $2.45 Billion | 23.39% | 0.62x | $1.17 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $2.08 Billion | 5.03% | 0.54x | $490.13 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.43 Billion | 5.54% | 0.31x | $1.25 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $526.78 Million | -7.78% | 0.28x | $423.58 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.81 Billion | 0.00% | 0.00x | $54.15 Million |
About Impulse Qingdao Health Tech Co Ltd
Impulse (Qingdao) Health Tech Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of sports fitness equipment in China and internationally. The company offers stair climbers, treadmills, ellipticals, and upright bikes, recumbent bikes, and spinning bikes for cardio; plate loaded, selectorized, jungle, free weight, and functional and professional tr… Read more